RWI expands trading division

Dubai, February 9, 2012

Rubber World Industries (RWI) has announced plans to position itself as a major provider of world-class quality rubber-based building materials through the strategic move of expanding its trading division.

The UAE has the largest number of active projects in the Middle East, with over 1,248 projects worth $931 billion underway for 2012, according to a report from CPH World Media, a leading business research and intelligence firm.

The report shows that the country has shifted from being a buyers’ market to a sellers’ market and has cited key factors like the liberal business environment, tax-free status and political stability of UAE as key drivers to the construction segment’s growth.

RWI’s expanded trading portfolio will help complement the growing number of projects in the UAE, a statement from the company said.

“The Mena region’s construction industry is moving on the fast track in terms of new projects and the resumption of projects that were stalled by the recent economic downturn,” said Rizwan Shaikhani, managing director, RWI.

“The UAE, in particular, has positioned itself as the country with the largest number of active construction projects in the region with over 1,248 new projects in 2012 amounting to over $931 billion. We are very eager to position ourselves as a major provider of world class rubber based building materials for these projects,” he said.

The CPH World Media report further shows that the UAE figures globally at the top in terms of per-capita expenditure on construction and is relatively free of entry barriers. – TradeArabia News Service